GBPUSD Rises as Brexit Talks Near

0 24

The British pound sterling was trading stronger on Tuesday as Brexit talks gain steam.

Despite the modest gains, the GBPUSD is well within the confines of the 1.3300 level of resistance and 1.3122 level of support.

A breakout from this sideways range is likely to coincide with any Brexit related news.

For the moment, the four-hour Stochastics oscillator is trading near the overbought levels.

This could mean that price action might pull back from the current highs.

As long as GBPUSD remains within the said range, the bias remains flat.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.